Cyprus vs Panama: Spending by international visitors while visiting a country as a share of GDP

Cyprus
10.4%
in 2024
Panama
10.5%
in 2024
Cyprus rank
39th
Panama rank
37th

Spending by international visitors while visiting a country as a share of GDP over time

  • Cyprus
  • Panama
5101520199520092024

How they compare

Panama currently reports 10.5% against 10.4% in Cyprus, a difference of 0.1%.

The two have swapped places 7 times across 30 shared years of data; in 1995 it was Cyprus ahead.

Cyprus ranks 39th and Panama ranks 37th of 191 countries.

Cyprus has averaged higher in every one of the 4 decades both report.

Head to head by decade

Decade Cyprus Panama Difference Ahead
1990s 19.5% 4.4% 15.1% Cyprus
2000s 15.4% 6.8% 8.7% Cyprus
2010s 11.9% 10.5% 1.5% Cyprus
2020s 8.0% 7.8% 0.2% Cyprus

Averages of every year both report within each decade.

Frequently asked questions

Which has higher spending by international visitors while visiting a country as a share of gdp, Cyprus or Panama?
Panama, at 10.5% against 10.4% in Cyprus as of 2024.
What is the difference in spending by international visitors while visiting a country as a share of gdp between Cyprus and Panama?
0.1%, with Panama ahead.
How many years of comparable data are there for Cyprus and Panama?
30 years are reported by both, from 1995 to 2024.
How do Cyprus and Panama rank globally for spending by international visitors while visiting a country as a share of gdp?
Cyprus ranks 39th and Panama ranks 37th of 191 countries.
Where does this data come from?
UN Tourism (2025); National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data, published as Spending by international visitors while visiting a country as a share of GDP. Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Cyprus vs Panama: Spending by international visitors while visiting a country as a share of GDP. Statizoid, drawing on UN Tourism (2025); National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data. Retrieved 10 September 2026, from https://economy.statizoid.com/compare/spending-by-international-visitors-while-visiting-a-country-as-a-share-of-gdp/cyprus/panama/

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About this data

Indicator
Spending by international visitors while visiting a country as a share of GDP
Unit
%
Source
UN Tourism (2025); National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
191 places, 4,349 data points, 1995–2024
Last refreshed

Money received by the destination country from foreign visitors, including spending on accommodation, food, transport, entertainment, shopping, and fares paid to the country’s own airlines, as a share of, as a share of GDP.